Insider Selling: One Liberty Properties (NYSE:OLP) COO Sells 500 Shares of Stock

Key Points

  • COO Lawrence Ricketts sold a total of 11,492 One Liberty Properties shares in multiple trades mid-late March — including 5,000 shares on March 23 at an average $22.64 — reducing his stake by 2.66% to 183,021 shares, with the transactions disclosed in an SEC filing.
  • The company declared a quarterly dividend of $0.45 per share (ex-dividend March 27, payable April 6), implying an annualized yield of 8.1% but a high payout ratio of 153.85%.
  • One Liberty trades with a market cap around $484M and a P/E near 19, and analyst coverage is mixed — consensus is a Hold with an average target price of $27.50 (one Buy, one Sell).

One Liberty Properties, Inc. (NYSE:OLP - Get Free Report) COO Lawrence Ricketts sold 500 shares of the business's stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of $22.33, for a total transaction of $11,165.00. Following the transaction, the chief operating officer owned 180,521 shares of the company's stock, valued at $4,031,033.93. This trade represents a 0.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Lawrence Ricketts also recently made the following trade(s):

  • On Tuesday, March 24th, Lawrence Ricketts sold 2,000 shares of One Liberty Properties stock. The shares were sold at an average price of $23.58, for a total transaction of $47,160.00.
  • On Monday, March 23rd, Lawrence Ricketts sold 5,000 shares of One Liberty Properties stock. The shares were sold at an average price of $22.64, for a total transaction of $113,200.00.
  • On Tuesday, March 17th, Lawrence Ricketts sold 2,501 shares of One Liberty Properties stock. The stock was sold at an average price of $23.38, for a total transaction of $58,473.38.
  • On Monday, March 16th, Lawrence Ricketts sold 1,491 shares of One Liberty Properties stock. The stock was sold at an average price of $23.17, for a total transaction of $34,546.47.

One Liberty Properties Stock Performance




NYSE:OLP opened at $22.19 on Thursday. One Liberty Properties, Inc. has a 12 month low of $19.62 and a 12 month high of $26.65. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.97 and a quick ratio of 1.97. The firm has a market capitalization of $484.03 million, a PE ratio of 18.97 and a beta of 0.95. The business's fifty day moving average price is $22.51 and its 200 day moving average price is $21.55.

One Liberty Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 27th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Friday, March 27th. One Liberty Properties's dividend payout ratio (DPR) is 153.85%.

Hedge Funds Weigh In On One Liberty Properties

Hedge funds have recently modified their holdings of the business. US Bancorp DE increased its holdings in shares of One Liberty Properties by 62.7% in the 3rd quarter. US Bancorp DE now owns 1,271 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 490 shares during the period. Allworth Financial LP boosted its stake in One Liberty Properties by 1,440.5% during the 2nd quarter. Allworth Financial LP now owns 1,217 shares of the real estate investment trust's stock worth $29,000 after purchasing an additional 1,138 shares during the period. GAMMA Investing LLC grew its position in One Liberty Properties by 241.7% during the 4th quarter. GAMMA Investing LLC now owns 1,951 shares of the real estate investment trust's stock worth $40,000 after purchasing an additional 1,380 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in One Liberty Properties by 43.5% in the second quarter. Ameritas Investment Partners Inc. now owns 1,874 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 568 shares during the period. Finally, Camelot Portfolios LLC acquired a new position in One Liberty Properties in the fourth quarter valued at $51,000. 36.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OLP has been the topic of several recent analyst reports. Wall Street Zen lowered shares of One Liberty Properties from a "hold" rating to a "sell" rating in a research note on Saturday, March 14th. B. Riley Financial reaffirmed a "buy" rating and issued a $27.50 target price (up from $26.50) on shares of One Liberty Properties in a research report on Wednesday, March 11th. Finally, Weiss Ratings reiterated a "sell (e)" rating on shares of One Liberty Properties in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $27.50.

View Our Latest Analysis on OLP

One Liberty Properties Company Profile

(Get Free Report)

One Liberty Properties, Inc is a self-administered real estate investment trust (REIT) specializing in the acquisition, ownership and management of net leased commercial properties. The company focuses on single-tenant retail, office and industrial assets that are subject to long-term, triple-net leases, shifting operating responsibilities—such as maintenance, insurance and taxes—to the tenant. One Liberty's strategy emphasizes creditworthy tenants, lease durations that provide predictable cash flow and geographically diversified holdings.

Since its founding in 1988 and incorporation as a REIT in 1993, One Liberty has assembled a portfolio of more than 130 properties spanning retail convenience centers, quick-service restaurants, automotive service stations, office buildings and light industrial facilities.

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